What stage of the bull market is this? #大盘走势
A bull market is divided into the start-up phase, the early phase, the middle phase, and the late phase. Which phase is it now? Here is my personal analysis:
1. The current $BTC broke the previous high, but the recent market copycat has been callback, bitcoin is still strong, facing a halving good, there is a saying that good is bad, I do not know whether the halving has an impact. Halving is not yet. It's early days.
2. In terms of inflows, all liquidity seems to be looking for the safest asset, bitcoin. Although the plate has been round, but bitcoin accounted for cottage, the proportion is still high, which indicates that it is currently in the early stage of a bull market.
3. Another key indicator in the past has been the ETH / BTC comparison chart, but the current $ETH performance is not satisfactory, and the first two bull markets when ETH / BTC bottomed and began to rally, are the second phase of the market cycle is about to start. This bull market has to consider the impact of $SOL.
4. The inflow of stablecoins, the current inflow of stablecoins continues to rise, which can be seen from the Binance USDT price, and is also the performance of the bull market before and during the middle stage.
5. Market sentiment and newcomers have not exploded, and there has been no new social media explosion.
Overall, this is an early bull market. Do you think anyone is at that stage? #WIF #SHIB #XRPS社区空投活动进行中 #XRPS $BTC $XRP